Kaisa’s Troubles Leave Home Buyers in The Lurch

Lock Down of Kaisa’s Projects Means Pain for Customers

As China's economy slows, the government is expected to ease measures designed to cool the property market. The WSJ's Deborah Kan speaks to Forum Partners' CEO Russell Platt on his company's take on China's turbulent market.

SHENZHEN, China—When buying their first home, the Huang family settled on a new three-bedroom apartment in an up-and-coming high-tech hub here. Then, developer Kaisa Group Holdings began to unravel, putting the Huangs’ down payment and their home-buying decision in question.

“I was so shocked by how quickly things turned bad, and now I’m worried if I can get my home, and if I do, in what state,” said Tony Huang, an IT executive at a local Internet company with a 6-year-old son.